13F filer · CIK 2100119 ↗
Vanguard Capital Management
You are looking at Q2 2019. See the latest, Q2 2026 →
Reported value
$2.66T
+4.3% on the quarter before
Positions
4,168
173 new · 123 sold out
Top 10
15.4%
of the value
Est. gain
+$85.82B
on stocks held all quarter
Est. return
+3.4%
on those stocks since Q1 2019
Positions as of Jun 30, 2019, from Vanguard Capital Management's 13F filing with the SEC. A 13F lists a manager's US-listed stocks and options at a quarter end and is filed up to 45 days later, so the fund may hold something else today. It leaves out short positions, cash and holdings outside the US.
Portfolio at a glance
- New
- Added
- Cut
- Same
- Options
The 24 largest positions, 26% of the reported value, each sized by its share, colored by what the fund did with it since Q1 2019. Striped tiles are options.
Largest buys
Since Q1 2019, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Dupont De Nemours Inc~$4.56BNew · 0.0% → 0.2%+60,806,497 shares
- Dow Inc~$3.01BNew · 0.0% → 0.1%+61,095,269 shares
- Corteva Inc~$1.80BNew · 0.0% → 0.1%+60,990,703 shares
- Tc Energy Corp~$1.41BNew · 0.0% → 0.1%+28,384,611 shares
- Newmont Goldcorp Corporation~$1.18BAdded · 0.1% → 0.1%+30,786,889 shares
- Microsoft~$1.03BAdded · 2.8% → 3.1%+7,724,483 shares
- Alcon Inc~$839.0MNew · 0.0% → 0.0%+13,521,824 shares
- Cousins Pptys Inc~$786.4MNew · 0.0% → 0.0%+21,741,572 shares
- Amazon~$734.2MAdded · 2.2% → 2.2%+387,740 shares
- Meta~$668.9MAdded · 1.2% → 1.3%+3,465,756 shares
Largest sells
Since Q1 2019, by estimated size: the change in shares at the quarter-end price, since a 13F gives no trade prices. Percentages are the position's share of the portfolio, before and after.
- Dowdupont Inc~$9.69BSold out · 0.4% → 0.0%−181,774,665 shares
- Transcanada Corp~$1.24BSold out · 0.0% → 0.0%−27,690,167 shares
- Jpmorgan Chase & Co~$963.1MCut · 1.0% → 1.1%−8,614,426 shares
- Ultimate Software Group Inc~$922.2MSold out · 0.0% → 0.0%−2,793,388 shares
- Oracle~$696.1MCut · 0.4% → 0.4%−12,219,522 shares
- Apple~$671.8MCut · 2.5% → 2.5%−3,394,531 shares
- Cousins Pptys Inc~$609.9MSold out · 0.0% → 0.0%−63,141,406 shares
- Edwards Lifesciences Corp~$534.5MCut · 0.1% → 0.1%−2,893,106 shares
- Credicorp Ltd~$507.7MCut · 0.0% → 0.0%−2,217,804 shares
- Roper Technologies Inc~$498.9MCut · 0.2% → 0.1%−1,362,061 shares
Holdings
As of Jun 30, 2019. Changes are in shares against Mar 31, 2019, so a price move alone never reads as a buy or a sale.
| Holding | Value | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| MicrosoftCOM · shares +1.3% · price +13.6% | 3.1% | $82.12B | +$9.70B | ||||||||
| AppleCOM · shares −1.0% · price +4.2% | 2.5% | $66.33B | +$2.67B | ||||||||
| AmazonCOM · shares +1.3% · price +6.3% | 2.2% | $59.29B | +$3.49B | ||||||||
| MetaCL A · shares +2.0% · price +15.8% | 1.3% | $34.87B | +$4.66B | ||||||||
| Johnson & JohnsonCOM · shares +0.7% · price −0.4% | 1.2% | $31.36B | −$114.0M | ||||||||
| Berkshire Hathaway Inc DelCL B NEW · shares +0.7% · price +6.1% | 1.1% | $29.69B | +$1.70B | ||||||||
| Jpmorgan Chase & CoCOM · shares −3.3% · price +10.4% | 1.1% | $28.24B | +$2.67B | ||||||||
| Exxon Mobil CorpCOM · shares +0.9% · price −5.2% | 1.0% | $26.64B | −$1.44B | ||||||||
| Visa Inc.COM CL A · shares +1.1% · price +11.1% | 0.96% | $25.51B | +$2.52B | ||||||||
| AlphabetCAP STK CL C · shares +1.2% · price −7.9% | 0.92% | $24.55B | −$2.07B | ||||||||
| AlphabetCAP STK CL A · shares +1.4% · price −8.0% | 0.92% | $24.40B | −$2.09B | ||||||||
| Procter And Gamble CoCOM · shares +1.8% · price +5.4% | 0.90% | $23.95B | +$1.20B | ||||||||
| Chevron Corp NewCOM · shares +1.0% · price +1.0% | 0.74% | $19.60B | +$196.5M | ||||||||
| Pfizer IncCOM · shares −1.1% · price +2.0% | 0.73% | $19.28B | +$378.4M | ||||||||
| CiscoCOM · shares −1.0% · price +1.4% | 0.72% | $19.18B | +$259.3M | ||||||||
| Bank Amer CorpCOM · shares −0.8% · price +5.1% | 0.71% | $19.00B | +$923.8M | ||||||||
| AT&TCOM · shares +1.2% · price +6.9% | 0.71% | $18.88B | +$1.20B | ||||||||
| MastercardCL A · shares +0.5% · price +12.4% | 0.71% | $18.79B | +$2.05B | ||||||||
| Verizon Communications IncCOM · shares +1.4% · price −3.4% | 0.70% | $18.53B | −$639.5M | ||||||||
| Walt Disney Company (The)COM DISNEY · shares +3.3% · price +25.8% | 0.69% | $18.31B | +$3.63B | ||||||||
| Merck & Co IncCOM · shares +0.8% · price +0.8% | 0.66% | $17.57B | +$141.3M | ||||||||
| IntelCOM · shares +0.6% · price −10.9% | 0.65% | $17.41B | −$2.11B | ||||||||
| Home Depot IncCOM · shares −1.2% · price +8.4% | 0.65% | $17.33B | +$1.34B | ||||||||
| Unitedhealth Group IncCOM · shares −2.6% · price −1.3% | 0.65% | $17.21B | −$229.2M | ||||||||
| Comcast Corp NewCL A · shares +2.0% · price +5.8% | 0.62% | $16.55B | +$882.5M | ||||||||
| Total · 4,168 positions | 100% | $2.66T | +$85.82B |
Price is a stock's reported value over its shares at the quarter end. The estimated gain is the shares held at both quarter ends times the change in that price: shares bought or sold during the quarter add nothing, options are left out, and a stock split is read into the earlier share count and price.
What made money
From Q1 2019 to Q2 2019: 3,995 stocks held throughout, up $85.82B (+3.4%).
- Microsoft+$9.70B+14%
- Meta+$4.66B+16%
- Walt Disney Company (The)+$3.63B+26%
- Amazon+$3.49B+6%
- Apple+$2.67B+4%
- Altria Group Inc−$1.48B−18%
- 3m Co−$1.70B−17%
- Alphabet−$2.07B−8%
- Alphabet−$2.09B−8%
- Intel−$2.11B−11%
Estimated as in the holdings table: shares held at both quarter ends times the change in price; options left out, 10 splits read into the share counts.
Reported value by quarter
The total value of each quarter's 13F at that quarter end. It moves with prices as well as with buying and selling. Pick a quarter to see what the fund held then.
Every quarter's filing
| Quarter | Reported value | Filing | |
|---|---|---|---|
| Q2 2026 | Aug 13, 2026 | $4.68T+17% | SEC ↗ |
| Q1 2026 | May 15, 2026 (amended) | $4.00T−42% | SEC ↗ |
| Q4 2025 | Jan 29, 2026 | $6.90T+3% | SEC ↗ |
| Q3 2025 | Nov 7, 2025 | $6.68T+8% | SEC ↗ |
| Q2 2025 | Aug 11, 2025 | $6.18T+12% | SEC ↗ |
| Q1 2025 | May 9, 2025 | $5.53T−4% | SEC ↗ |
| Q4 2024 | Feb 11, 2025 | $5.74T+3% | SEC ↗ |
| Q3 2024 | Nov 13, 2024 | $5.58T+7% | SEC ↗ |
| Q2 2024 | Aug 13, 2024 | $5.21T+3% | SEC ↗ |
| Q1 2024 | May 10, 2024 | $5.05T+10% | SEC ↗ |
| Q4 2023 | Mar 11, 2024 (amended) | $4.58T+12% | SEC ↗ |
| Q3 2023 | Dec 18, 2023 (amended) | $4.07T−3% | SEC ↗ |
| Q2 2023 | Aug 14, 2023 | $4.22T+7% | SEC ↗ |
| Q1 2023 | Jul 14, 2023 (amended) | $3.93T+7% | SEC ↗ |
| Q4 2022 | Feb 10, 2023 | $3.67T+8% | SEC ↗ |
| Q3 2022 | Nov 14, 2022 | $3.40T−4% | SEC ↗ |
| Q2 2022 | Aug 12, 2022 | $3.56T−16% | SEC ↗ |
| Q1 2022 | May 13, 2022 | $4.23T−4% | SEC ↗ |
| Q4 2021 | Feb 14, 2022 | $4.40T+9% | SEC ↗ |
| Q3 2021 | Nov 12, 2021 | $4.03T+0% | SEC ↗ |
| Q2 2021 | Aug 13, 2021 | $4.02T+9% | SEC ↗ |
| Q1 2021 | May 14, 2021 | $3.70T+7% | SEC ↗ |
| Q4 2020 | Feb 12, 2021 | $3.45T+14% | SEC ↗ |
| Q3 2020 | Nov 16, 2020 | $3.02T+7% | SEC ↗ |
| Q2 2020 | Aug 14, 2020 | $2.82T+20% | SEC ↗ |
| Q1 2020 | May 15, 2020 | $2.35T−20% | SEC ↗ |
| Q4 2019 | Feb 14, 2020 | $2.93T+9% | SEC ↗ |
| Q3 2019 | Nov 14, 2019 | $2.70T+1% | SEC ↗ |
| Q2 2019 | Aug 14, 2019 | $2.66T+4% | SEC ↗ |
| Q1 2019 | May 15, 2019 | $2.55T+15% | SEC ↗ |
| Q4 2018 | Feb 14, 2019 | $2.23T−13% | SEC ↗ |
| Q3 2018 | Dec 13, 2018 (amended) | $2.56T+7% | SEC ↗ |
| Q2 2018 | Aug 14, 2018 | $2.39T+5% | SEC ↗ |
| Q1 2018 | May 15, 2018 | $2.29T−0% | SEC ↗ |
| Q4 2017 | Feb 14, 2018 | $2.29T+7% | SEC ↗ |
| Q3 2017 | Nov 14, 2017 | $2.14T+5% | SEC ↗ |
| Q2 2017 | Aug 24, 2017 (amended) | $2.03T+4% | SEC ↗ |
| Q1 2017 | May 12, 2017 | $1.95T+9% | SEC ↗ |
| Q4 2016 | Feb 14, 2017 | $1.79T+5% | SEC ↗ |
| Q3 2016 | Nov 14, 2016 | $1.70T+6% | SEC ↗ |
| Q2 2016 | Aug 10, 2016 | $1.61T+4% | SEC ↗ |
| Q1 2016 | May 13, 2016 | $1.54T | SEC ↗ |